Symrise and Cutech launch SCoutech

Corporate news announcement processed and transmitted by Hugin ASA. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- -------------- Corporate news announcement processed and transmitted by Hugin ASA. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- -------------- Joint venture provides high-tech screening services for the personal care, nutraceuticals and pharma industries   Holzminden/Padua - Symrise GmbH Co. KG and the Italian biotech company Cutech Srl have founded a highly specialized biotechnology joint venture called SCoutech as of April 1st, 2008. SCoutech offers screening services for cosmetic raw materials, cosmetic formulations, pharmaceuticals and nutraceuticals.  Using cell and tissue-based screening assays, SCoutech supports the development of effective products for skin and hair care.   In this joint venture, Symrise and Cutech merge their expertise and offer their clients extensive screening and consulting services. The Padua-based Italian company Cutech is specialized in the design of highly informative skin and hair follicle screening models to be used as an alternative to animal testing, whereas Symrise provides the full range of its experience in developing active ingredients and in consumer research.   Symrise and Cutech have been collaborating since 2003 in the field of biotissue engineering. This pioneering cooperation has resulted in the development of a full thickness pig skin model (PSOCM) to be used as a more reliable and economical alternative to artificial skin models. Via SCoutech, this powerful model, for which a patent is pending, is now available for contract screening for the first time. Together with the portfolio of screening tools already available at Cutech, it allows SCoutech to offer a broad range of screening assays in full compliance with the new EU cosmetics directive which gradually bans animal testing on personal care products.   "This joint venture offers our clients in the beauty and health industry  sophisticated tools to test the efficacy and tolerability of their products - from individual ingredients all the way to the finished products. Both partners are bringing their strengths and expertise to this joint venture and can synergize them to create a service that is unique in this industry," says Dr. Gabriele Vielhaber, Vice President Innovation / R&D Life Essentials, who is responsible for the Symrise side of the initiative.   Dr. Paolo Pertile, President and CEO at Cutech, is also convinced of the success that this cooperation promises: "SCoutech considers screening to be much more than a mechanical activity done by sophisticated equipment. Our test procedures are reliable and beyond ethical objection. Furthermore, our experts offer guidance and consulting in order to provide our customers with information not only on the efficacy of their products, but also on the possible mechanism of action, in order to support both their R&D and marketing departments."     About Symrise   Symrise is a global supplier of fragrances, flavorings and raw materials and active ingredients for the perfume, cosmetics and food industry.   With sales of ¤1.27 billion in 2007 the corporation ranks among the top four in the international flavors and fragrances market. Symrise is headquartered in Holzminden, Germany and operates in over 30 countries in Europe, Asia, the US and South America.   With over 40 registered patents each year, Symrise is one of the most innovative manufacturers on the market. Our products are used in the perfume, cosmetics and food industries, and everyday life would not be the same without them. We combine our knowledge about consumer trends with cutting-edge technologies and have focused on developing innovative trend and lifestyle products with a specific added value for consumers. Symrise - always inspiring more...   www.symrise.com About Cutech   Cutech is an Italian biotech company that operates in the fields of dermatology and cosmetology, with particular emphasis on hair and skin disorders.   With its profound knowledge of the "skin system" and special attention to the role played by the hair follicle in regulating its metabolism, Cutech aims to create new models for human skin and hair follicles for use as preclinical tools, as well as to discover new active ingredients suitable for cosmeceutic applications.   Cutech facilities are based in Padua, Italy.  The company can rely on a small team of competent and highly motivated scientists, extremely flexible organization, a state-of-the-art technological platform covering all fields of cell, tissue and molecular biology.   www.cutech.it     For further information: red roses communications Katja Derow phone: +49 162-43 11 376 e-mail: k.derow@redroses-pr.com   --- End of Message --- Symrise AG Mühlenfeldstraße 1 Holzminden Germany WKN: SYM999; ISIN: DE000SYM9999; Index: MDAX, TecDAX; Listed: Amtlicher Markt in Frankfurter Wertpapierbörse, Freiverkehr in Bayerische Börse München, Freiverkehr in Hanseatische Wertpapierbörse zu Hamburg, Freiverkehr in Börse Berlin, Freiverkehr in Börse Düsseldorf, Freiverkehr in Börse Stuttgart, Prime Standard in Frankfurter Wertpapierbörse;

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